We just launched "Cost to Company", our brand new podcast on the biggest shifts in careers and workplaces. Listen and subscribe.
  • Stories
  • Visual Stories
  • Newsletters
  • Podcast
Subscribe
India
Login
  • Login
  • Subscriptions
    • Individual Plans
    • Corporate Plans
    • Campus Plans
    • Gift a Subscription
  • Company
    • About Us
    • Team
    • Careers
    • Community
    • Blog
    • FAQ
  • Editorial
    • Narratives
    • All Stories
    • Newsletters
  • Contact Us
    • Write For Us
    • Queries
    • FAQ
  • Follow Us
    • Twitter
    • linkedIn
    • Instagram
India
  • Home
  • Search
  • Visual Stories
  • Newsletters
  • More
  • Subscriptions
    • Individual Plans
    • Corporate Plans
    • Campus Plans
    • Gift a Subscription
  • Company
    • About Us
    • Team
    • Careers
    • Culture
    • Community
    • Blog
    • FAQ
  • Editorial
    • Narratives
    • All Stories
    • Free Stories
    • Newsletters
  • Contact Us
    • Write for us
    • Queries
    • Twitter
    • Facebook
    • Facebook
  • Unlock more benefits of the The Ken Subscribe
  • Already Subscribed? Login

Sign Up

Login Login with google
OR

You’re signing up for an account which gives you access to a weekly free story and our archive of free stories. You will also receive a daily newsletter in your inbox. You can unsubscribe by clicking the link in the footer of all our emails.

Thanks! Logging you in

“A friend is a gift you give yourself.”
– Robert Louis Stevenson

Oops. An account with this email address already exists.
Have an account?
Login now

Sign Up

Login Login with google
OR
You seem to be already logged in from the following devices

We allow only two simultaneous login sessions per subscriber. If you continue, we will log you out from the above devices

Account successfully created

Almost Done!

Log in

Continue to your account at The Ken
Login Login with google
OR
Forgot Password?

Please add your name

Account details updated

Reset Password

Just enter your email address registered with
The Ken
Log in

Reset Password

Email Sent to:

Check your inbox for instructions to reset your password.

Reliance, Future, Amazon and India proposes. Rest of world disposes.

The Nutgraf is a 10-min newsletter sent at 10 AM IST every Saturday. It connects the dots and synthesizes one big event in business, technology and finance that happened over the week in India. In a way you’ll never forget.

This is a paid newsletter that’s available exclusively to The Ken’s premium subscribers.

Just 10 mins long Synthesis not analysis Sometimes memes

Companies are preferring to go abroad to get legal decisions in their favour. But why?

Read this edition online
The Nutgraf by The Ken
A paid 🔒 weekly emailer that explains fundamental shifts in business, technology and finance that happened over the last seven days in India. In a way you’ll never forget. Someone sent you this? Sign up here
Good Morning Dear Reader,
 

If you’re expecting me to write about the GameStop saga, I’ll have to disappoint you — I really have nothing to add beyond the many, fabulous takes by people who are vastly more qualified than me about the stock market. 

 

However, I’ve started consulting lawyers on how to take The Nutgraf public through a SPAC. Just in case. When the whole world has gone mad, you might as well reserve a room in the asylum. 

 

Today’s edition is about a war between giants. There are no little guys in this story. 

 

It involves India’s mightiest company, led by India’s richest person, and the world’s largest internet company, led by the world’s richest person. The two are fighting to control India’s second largest retail company. 

 

The referees in this dispute include the Indian state, regulators, and the courts.

 

None of this is unusual. International corporates and India have always had a tense relationship. It’s been a recurring theme over the past several decades. 

 

Except this time, other referees are jumping in. 

 

This is new.

 

Let’s dive in. 

"If the transaction doesn't go through, I will collapse"
Credit : Giphy
The nuanced version of this story is complicated and involves lots of legal jujitsu moves and arguments in latin phrases involving stays, orders, judgements, tribunals, and so on over several months. 
 

But as long-time readers are aware, this is a weekend newsletter written by someone with zero legal training, so here’s the short version of the story stripped of all legal nuance.

 

Amazon is the world’s largest internet company and has ambitions in retail. For a long time, Amazon was exclusively focused on online retail. However, over the last few years, Amazon has been venturing into offline retail as well. Specifically, it’s venturing into buying big, overvalued retail chains which it can acquire for a bargain. 

 

In the US, in 2017, it bought the grocery store chain Whole Foods for nearly $14 Billion. 

 

A year later, in India, it bought a large stake in More, India’s fourth-largest supermarket chain. 

 

Essentially, Amazon loves groceries and supermarkets, and wants as much of these as possible. 

 

So a year later, it set its sights on the largest prize of all in India—Future Retail, India’s second largest retail chain. 

 

But there was a tiny hitch. 

 

As many of you may be aware, India has fairly restrictive laws around foreign direct investment into offline retail companies. The laws do not permit foreign companies to own more than 51% of multi-brand retailers, and even that involves getting an express permission from the government of India along with a host of other riders and conditions. 

 

But complicated laws are the restaurants where expensive lawyers go to feast on their all-you-can-eat buffet. 

 

So Amazon went ahead and hired some of the most expensive lawyers in India to help figure out a way. Amazon had done this for the More deal as well, with one source claiming that just figuring out how to structure the deal took all their lawyers ‘nearly a month’. I won’t bore you with the details, but the main takeaway is that Amazon had figured out a way to purchase offline retail companies in a way that didn’t require it to take any government approvals. 

 

However, Future Group was a larger, more complicated company. 

 

And so, the lawyers got to work. 

 

Months later, when they emerged, what they came out with was this. 

 

Amazon would acquire a 49% stake in Future Coupons, the promoter entity of Future Retail Limited (FRL), an Indian multi-brand retail company. Since Amazon technically wasn’t investing directly into a retail company but its ‘parent’ company, no special permissions were needed, and the FDI laws didn’t apply.

 

To be doubly sure, Amazon made the purchase through its investment arm, which gave it some protection, and prevented the deal from being seen as a foreign direct investment. 

 

Then it did one final thing—a move which can only be described as…*chefs kiss*

 

Amazon gave itself an option to acquire all or part of the promoter’s share into Future Retail, which could be exercised anytime after 3 years and before the next 10 years, if and when the law permitted it to do so. For this, it even paid a premium. 

 

Basically, Amazon threw a handkerchief on a seat through the window on the Future Group train. So anytime in the future, when the law changes to allow FDI in multi-brand retail, Amazon would waltz in, and sit down to occupy the prime real-estate that is Future Retail. 

 

And Amazon waited. 

 

It waited as the Covid-19 pandemic hit, which shut down malls across India, which sent Future Group deeper into debt. 

 

It waited as Future Group came under pressure from its lenders, led by the State Bank of India, to manage its debt. 

 

It waited as Future Retail’s share price fell by 70% by August 2020, as compared to where it was at the beginning of the year. 

 

Kishore Biyani, the founder of Future Group, later revealed that he reached out to Amazon ‘eight times’ for help, and never got any assistance. 

Quote
We also connected them with four-five investors but they never showed any interest in salvaging us and were only doing lip-service What is their intention? They want all employees, suppliers, vendors and lenders to suffer and the company to languish
Kishore Biyani, founder, Future Group
So Future Group, desperate and needing a huge infusion of funds, turned to the one company that seemingly has it in endless reserves, and coincidentally, also has huge retail ambitions in India, just like Amazon. 
 
 

Look, I’m not going to lie to you. When news got out that Reliance was going to purchase Future Group for around Rs 24,000 crore (~$3.3 Bn), there was a lot of confusion, especially because of Amazon’s prior involvement. To revisit our earlier analogy, if you put a handkerchief on a seat, and then the train itself is sold, what happens to your spot? 

 

Even tech journalists had no idea what was going on. At first, there were reports that Reliance didn’t want Amazon involved at all, and was even prepared to buy them out, but Amazon wasn’t interested. Then there were reports that Reliance wanted Amazon in a more strategic role as an investor directly into Reliance Retail’s parent company. 

 

Finally, when the dust settled and the terms of the deal between Reliance and Future Group emerged, it became quite clear what transpired. 

 

The Times of India reported the news under the headline ‘RIL’s deal for Future retail biz blocks Amazon’

 

If you are interested in the details, it looks like this. 

By proposing to acquire the retail assets of Future Group (and not Future companies), the Mukesh Ambani-led Reliance Industries (RIL) has ensured that rival Amazon does not become its shareholder.
 
According to the contours of the deal between Future Group and RIL, the former will merge 19 retail and its related back-end infrastructure companies, including Future Retail, into Future Enterprises. This company will then transfer the retail and supply chain businesses to two separate arms of RIL.
 
Had the deal involved the merger of Future Enterprises (excluding non-retail assets) with the arms of RIL, then Amazon would have got a stake in the two outfits. But with the proposed deal structure where RIL acquires Future Group’s retail assets and not its companies, the former has ensured that competitor Amazon is not its shareholder, said Bank of America Securities in a research report.
RIL's deal for Future retail biz blocks Amazon, Times of India

Turns out Reliance has some smart lawyers too. 

 

With me so far? 

 

Great, because there’s one little detail you need to know. 

 

So it turns out, in the original agreement that Future Group signed with Amazon, apparently, there was a clause that expressly forbade Future Group from selling any stake or forging any alliance with a list of 30 companies in the retail space without Amazon’s consent.

 

One of those companies was Reliance. 

 

Things moved pretty quickly after that. 

 

In early October, Amazon sent Future Group a legal notice claiming breach of contract, and dragged the company to...

 

...the Singapore International Arbitration Centre, or the SIAC.  

 

If you are wondering what the SIAC is, let me explain.

 

Because it’s the wildcard in today’s story. 

 

Quick. Fair. Just. 

 

The SIAC is a non-profit body that’s set up to resolve disputes through a tribunal. 

 

A good way to describe it is that it’s an ‘alternative dispute resolution’ mechanism that’s quite popular, especially with cross-border transactions. It’s fairly standard practice in contract law to refer major disputes to bodies like the SIAC. Amazon didn’t drag Future Group to Singapore on a whim—the SIAC was specifically listed as the body to refer disputes in their agreement, and Amazon was simply following through. 

 

Now you can ask, but why is the SIAC listed as the body to resolve disputes? 

 

Every country has its own judicial system, and surely that would be the first port of call. The only reason why someone would go to the SIAC would be because, for some reason, they don’t trust the country’s judiciary to do the right thing. 

 

So which are the top foreign countries at SIAC?

 

Let’s find out. 

 

If you dig up the SIAC’s annual report in 2019, it lists out the break-up of arbitrations done by it by international and domestic cases. 

 

Here’s what the distribution of the top ten foreign users of the SIAC looks like. 

 

For some strange and unexplainable reason, foreign companies seem to prefer doing arbitrations in neutral bodies like the SIAC rather than Indian courts. 

 

I have no idea why they do this, because as we all know,  India has a robust, thriving, and independent judiciary that through their collective power and wisdom, render judgements in a way that’s quick, fair, and just through a bevy of excellent judges, solid decision-making skills, and strong contempt of court laws.

 

No idea. 

 

But here’s Nishith Desai, founder of Nishith Desai Associates, who has an explanation as to why some companies may prefer bodies like the SIAC.

Quote
Foreign investors who have invested in India feel that Singapore is neutral ground for dispute resolution. Singapore itself over time has built a stellar reputation as jurisdiction driven by rule of law with international standards and high integrity. This gives comfort to investors that the arbitration process will be quick, fair and just
Nishith Desai, Nishith Desai Associates

On 25 October 2020, the SIAC passed an emergency order restraining Future Group and Reliance Industries Limited from proceeding with the deal. 

 

A small, but significant victory for Amazon. 

 

Amazon isn’t the only company to do this. Historically, several companies have been unhappy with decisions and treatment meted out to them in India and have won significant judgements in International courts and tribunals. The most recent example is Cairn Energy, which we wrote about in our other newsletter, Beyond The First Order, which has decided to take extreme measures: 

Cairn Energy has begun to take steps to identify Indian assets overseas against which it can enforce the $1.2 billion award it won last month in a treaty arbitration case against the South Asian nation, according to a letter seen by Reuters.
 
Cairn was awarded damages of over $1.2 billion plus interest and costs in a long drawn-out tussle over a tax dispute and the Indian government is now liable to make this payment. An Indian official, however, said at the time the government would likely challenge the order.
 
If India does not comply with the order it would be a violation of international rules on arbitral awards, commonly called the New York Convention, Cairn said in a letter addressed to the Indian High Commission in London.
Exclusive: Cairn Energy threatens to enforce arbitration award against Indian assets overseas

Yes, that’s right. Cairn Energy is considering seizing India’s assets in order to enforce arbitration award...you know, like Air India’s airplanes and the like. 

 

Crazy.

 

This is where you ask the most important question, you know, the one that’s been in your head for the last few paragraphs. Yes. That one. Ask it. 

 

Is a decision made by the SIAC, an international tribunal in Singapore, binding under Indian law? 

 

The answer is….maybe, but not exactly, but…well, it’s complicated. 

 

“Amazon is showing a dog in the manger attitude”

 

A lot of things happened after the SIAC passed its emergency order. Letters were sent. Counter-letters were sent. Reliance, for its part, largely proceeded to ignore the order and decided to go ahead with its deal to acquire Future Group. 

 

And finally, after a series of events, in November last year, everyone ended up at the Delhi High Court. Future Group dragged Amazon there to stop it from blocking the deal with Reliance. 

 

Things got quite heated. Senior Advocate Abhishek Manu Singhvi, representing Reliance Retail, said that “Amazon is showing a dog in the manger attitude”, and that “even an acrobat will blush on Amazon’s stand and the court should nip this mischief in the bud.”

 

But amidst all this, a crucial point was raised. 

 

Was Amazon, through its contract that restricted Future Group from selling to Reliance, merely protecting itself, or was it controlling Future Group?

 

I can’t stress this enough. 

 

This distinction is everything. 

 

Because if Amazon was protecting itself, it was fine, but if the court interpreted it as a method of controlling Future Group, then it would mean that Amazon effectively had a controlling stake in Future Group. 

 

If that was true, then Amazon, a foreign company, had control over Future Group — an Indian multi-brand retail company. A controlling stake, for which it hadn’t taken permission from the government of India. 

 

In essence, it would be a violation of India’s FDI laws.

 

This would make the agreement signed between Future Group and Amazon illegal.

 

The business publication, BloombergQuint, reported the claim under the marvellous and compelling headline, “If I Have A Relationship With Amazon, I Have Violated The Law, Future Retail Says”

 

Think about this for a moment. Think about how crazy the whole thing is.

 

Gopal Subramanium, the lawyer who was representing Amazon, was flabbergasted when this point was raised.

Quote
I (Amazon) have “no control” over Future Retail; the plaintiff is imputing illegality. It’s the same plaintiff who walked with me to the Competition Commission, and now it’s saying my investment is illegal
Gopal Subramanium, Amazon's counsel

The Delhi High Court disagreed. 

 

In late December, in a prima facie opinion, the court noted. 

Rights conferred upon Amazon.com Inc. under its agreements with the Future Group seem to be contrary to India’s foreign direct investment rules, the Delhi High Court said in its order on Monday. 
 
The court, in a prima facie opinion, held the agreements between Amazon with Future Group companies, if conflated, result in the former exercising control over Future Retail Ltd., which would be contrary to foreign exchange management and foreign direct investment rules in absence of government approvals.
Amazon’s Agreements With Future Group Seem Contrary To FDI Policy, Says Delhi High Court

Last week, India’s stock exchanges gave the go-ahead to the Future deal, after communicating with India’s markets regulator, the Securities and Exchange Board of India (SEBI).

 

Amazon went back to court, and filed another suit to block the deal and to detain Kishore Biyani in a civil prison. This time, it went back under section 17(2) of the Arbitration and Conciliation Act, 1996. The section has a provision that “allows a party to seek enforcement of an interim order passed by an arbitral tribunal in the same manner as it would for a court order”.

 

The Delhi High Court continues to hear the case about whether the order passed by the SIAC applies or not. 

 

In court, Future Retail claimed that if the deal with Reliance didn’t go through, it would collapse. 

 

There’s a final footnote to this saga. 

 

Amazon’s attempt to fly too close to the sun has not gone unnoticed. 

 

Yesterday, the Enforcement Directorate launched a probe against Amazon, to investigate if it violated the Foreign Exchange Management Act (FEMA) in its deal with Future Retail — essentially, a violation of India’s FDI laws. 

If you'd like to share this edition, you can do it using the link below

 

https://the-ken.com/the-nutgraf/reliance-future-amazon-and-india-proposes-rest-of-world-disposes

 

Take care.
 
Regards,
Praveen Gopal Krishnan
The Nutgraf by The Ken
https://sg-mktg.com/MTYxMTk4MTIwNnxZZnh3N0hyT1VfZ0FOMVYtVUFpWnpFMUR1d2hqZ3pnZWUzbjBsLTRtV1pMbmJPWk9nMmpPWktWd2kxWm1sT3BvbmxSOGxhQVNUSGNxMk42SmFxMzM2LXZBZ0daOEY2eWxWSmhyVm5sUGZ1allzTGE1YUtUd0N6WXVVUHpNRTZESE9mWHR6Mkd1djFtZmY1MlFyWFdoUE5lQTI0Q2x1TXM0VFNONVktTWE0R2hnWmNzMlNJUnJXSUw0SlJYYUhoR1B0QU5zcjlQWnhTTEJBTGhVZ2pta3I5bmE1aVBUQlBmdzBOWWg1TUJjYnU4aFU1SFVYeG04Mnp6ZHF2a1VocHk2ZEE9PXw8KGkZWaa6XcmZvnlmTdhK2Y7vtw13w10bE-K2-CT82A==
The Nutgraf is a paid weekly emailer that explains fundamental shifts in business, technology and finance that happened over the last seven days in India. In a way you’ll never forget.
See previous editions on the web
 
Know someone who would like The Nutgraf?
Share it
 
Want to receive The Nutgraf every week?
Subscribe
The Nutgraf is published by The Ken—a digital, subscription-driven publication focussing on technology, business, science and healthcare.
Follow The Ken on Twitter, Facebook, and LinkedIn
This email was sent to [%email%]
Something wrong? Tell us at [email protected]
Want to unsubscribe from our weekly newsletter, The Nutgraf? Click here. Or set your email preferences here
© 2021  The Ken
https://sg-mktg.com/MTYxMTk4MTIwNnxZZnh3N0hyT1VfZ0FOMVYtVUFpWnpFMUR1d2hqZ3pnZWUzbjBsLTRtV1pMbmJPWk9nMmpPWktWd2kxWm1sT3BvbmxSOGxhQVNUSGNxMk42SmFxMzM2LXZBZ0daOEY2eWxWSmhyVm5sUGZ1allzTGE1YUtUd0N6WXVVUHpNRTZESE9mWHR6Mkd1djFtZmY1MlFyWFdoUE5lQTI0Q2x1TXM0VFNONVktTWE0R2hnWmNzMlNJUnJXSUw0SlJYYUhoR1B0QU5zcjlQWnhTTEJBTGhVZ2pta3I5bmE1aVBUQlBmdzBOWWg1TUJjYnU4aFU1SFVYeG04Mnp6ZHF2a1VocHk2ZEE9PXw8KGkZWaa6XcmZvnlmTdhK2Y7vtw13w10bE-K2-CT82A==

Subscribe to read this premium newsletter

Get this newsletter at Rs. 149/month Get The Stack at Rs. 199/month

06 Aug, 22

Zepto is looking for a chair

Praveen Krishnan

30 Jul, 22No Signup Required

Why Cleartax isn’t free anymore

Praveen Krishnan

23 Jul, 22

Crypto is both dead and alive in India

Praveen Krishnan

16 Jul, 22Free

Why Unacademy is cutting free lunches for its employees

Praveen Krishnan

09 Jul, 22

How Flipkart crossed the secret e-commerce chasm

Praveen Krishnan

02 Jul, 22

Nobody wants to buy software in India

Praveen Krishnan

25 Jun, 22

The real reason why Uber and Ola drivers are cancelling your rides

Praveen Krishnan

18 Jun, 22Free

How Reliance made chaos into a ladder

Praveen Krishnan

11 Jun, 22

Two stories about UPI and Credit Cards

Praveen Krishnan

04 Jun, 22

Why everyone wants a piece of India’s open e-commerce platform

Praveen Krishnan

The Ken, on tap. Get the app

Download the Ken App and unlock the full potential of The Ken.

Subscriptions
  • Individual Plans
  • Corporate Plans
  • Campus Plans
  • Gift a Subscription
Company
  • About Us
  • Team
  • Careers
  • Culture
  • Community
  • Blog
CONTACT US
  • Write for us
  • Queries
  • FAQ
FOLLOW US
EDITORIAL
  • Narratives
  • All Stories
  • Free Stories
  • Newsletters
JOIN THE CONVERSATION

@NatesanSiv Been glued to The Ken for a while now. Gives you all you need to know in a non traditional language both concise and to the point. Well done @TheKenWeb

@Climateabhi @TheKenWeb gives personal touch to each and every mail subscriber newsletter, makes reading so engaging and connected! Platforms like The Ken are revolutionizing the way financial/business journalism is done in India.

Kenrise Media Private Limited, No.677, 1st Floor, Suite #643, 13th Cross, HSR Layout, Sector 1, Bangalore - 560102
  • 2021 The Ken
  • Terms & Conditions
  • Privacy
Built at The Ken

Create Corporate Account

Success

Verification Code has been sent to your Email address

Update your email

Sorry, our free subscriptions require a real email id, because that's how we send you our daily stories. Please enter a valid email.

Account Detail Updated

Please Wait ...

Delete Account?

Are you sure you want to delete ()?

On deletion the user will become free starter

Cancel

Emails has been sent

Invite Sent!

We’ve sent your invite. Continue adding your teammates to your subscription here?

Add more members

Logout

Pending invitation

Join Team

Generate payment link

Enter the email address that you’d like us to send this payment link to. This could be your HR, finance representative, or anyone from your organization. A copy of this email will be sent to the team’s admin as well.

Email Sent Successfully

Corporate pricing applies to teams of 5 or more members only.

Thank you. We have received your request to post comments. You’ll hear from us soon.

Are you sure? Your subscription will expire at the end of your current subscription period.

Dismiss

Automatic payments successfully cancelled. You will not be charged again.

Your order invoice has been resent to your billing email. (You may have entered a different email than the one you’re logged in with)

Please upgrade to a paid account first

Are you sure? Canceling automatic payments can not be undone.

NO

You’ve got access!

Deepak Shahdadpuri has unlocked this article for you

Sponsor Details

Loading user data

Your email’s on its way!

We’ve emailed your gift link. Want us to send some more?

Yes, send more
T

The Ken has invited you to sign up for The Nutgraf by The Ken.

T

The Ken has invited you to sign up for The Nutgraf by The Ken.

Having your name allows us to address you personally in emails and on our website. That’s all, nothing else.

T

The Ken has invited you to sign up for The Nutgraf by The Ken.

Sign up for free by entering your primary email address. You can also login using your Google or Facebook account.

Login Login with google

Or

T

The Ken has invited you to sign up for The Nutgraf by The Ken.

Sign up for free by entering your primary email address. You can also login using your Google or Facebook account.

Login Login with google

Or

By registering, you will be signed-up for a free account with The Ken

Invite your friends and colleagues to read The Nutgraf.

Just copy and share your unique referral link to invite anyone to sign up for The Nutgraf.

COPY LINK

T

The Ken has added you as a partner. Read The Ken as a couple. Sign in to get started.

T

The Ken has added you as a partner. Read The Ken as a couple. Sign up to get started.

Having your name allows us to address you personally in emails and on our website. That’s all, nothing else.

T

The Ken has added you as a partner. Read The Ken as a couple.

The Ken’s stories are available only for paid subscribers. As a partner, you can now access The Ken subscription. For free. Just activate your account to get started.

T

The Ken has added you as a partner. Read The Ken as a couple.

The Ken’s stories are available only for paid subscribers. As a partner, you can now access The Ken subscription. For free. Just activate your account to get started.

By registering, you will be signed-up for a free account with The Ken

Sharp, original,
insightful, analytical

Alert

Our anti-piracy system has flagged your account for suspicious activity and has temporarily paused your account. This may happen due to a number of reasons.

If you think that this was done in error, please get in touch with us at [email protected].

Are you sure?

You will be changing your registered email address to access your account. All email newsletters will be delivered to the new email ID.

Dismiss

Searching...

No results found for .

Top Searches

20 Feb, 20

OYO's Battle of the Bulge

Sumanth Raghavendra

03 Jan, 20

Bajaj, Razorpay, Zerodha carry the Indian fintech torch

Arundhati Ramanathan

04 Dec, 19

Selling to those who can't pay: human cost of modern banking

Arundhati Ramanathan, Shreedhar Manek

20 Jan, 20

OYO's long march—retreat of the red army

Abinaya Vijayaraghavan, Savio D'Souza

03 Dec, 19

Reliance Jio travels first-class on the tariff hike gravy train

Pratap Vikram Singh

22 Jan, 20

Zomato swallows Uber Eats India — just desserts or a bitter pill?

Sumanth Raghavendra

12 Dec, 19

Ajit Mohan to Sanjay Gupta: Facebook, Google hot on Hotstar's big stars

Jon Russell, Pranav Shankar

27 Dec, 19

Flipkart, Amazon, Snapdeal: 10 years, 3 players, 1 e-commerce story

Durga M Sengupta

16 Jan, 20

Project Manager is dead. Long live the Product Manager

Olina Banerji, Shreedhar Manek

See all results for .

Welcome to The Ken

As a part of the Learning and Development program at Myntra-Jabong, you have complete access to 300+ original daily stories over the next year, 500+ previously published stories and our comment sections. Also, do keep an eye out for our exclusive subscriber-only iOS and Android apps which will be rolled out for you shortly.

Happy Reading!

By continuing to browse our site you agree to our use of cookies to improve our performance and enhance your user experience.
Accept

Contact Us

  • For Queries
    [email protected]
  • For Feedback
    Write to us here

We’ll get back to you within 2-7 working days .

Have a great story idea for The Ken?

We welcome contributors from journalists, subject matter experts, and anyone who has a good story to tell.

Learn More
Follow us to stay updated

Twitter

Facebook

LinkedIn

Activating your subscription